News | Energy Efficiency

http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/energy-efficiency/general-electric-invests-more-than-300m-in-brazil-clean-technology.html

General Electric (GE) has announced plans to invest $500m to expand its operations in Brazil and accelerate technology partnerships with Brazilian companies in the clean technology and other sectors.

The energy giant is to invest $200m in the development of new wind turbines, which is to come out of the $400m it has earmarked to invest technology and new product development in the country over the next three years.
It has also established a $100m research and development centre, which will focus on renewable energy, rail, aviation and other industries.
The centre at the Ilha do Bom Jesus peninsula will employ 200 researchers and engineers when it becomes operational.
‘For 90 years we have formed strong relationships throughout Brazil with many trusted partners,’ said Ferdinando Beccalli-Falco, president and CEO of GE International.
‘As we look ahead, we see an even brighter future that requires aggressive investment, which will result in more innovation coming to market…The Brazil Global Research Center will be a hub for deepening relationships that will result in growth for GE.’
GE has had a presence in Brazil since 1919 and employs more than 6,000 people in the country, with operations in São Paulo, Minas Gerais and Rio de Janeiro.
The conglomerate has also signed agreements with partners, universities and businesses from across Brazil to develop research collaborations, as well as forming agreements with the city and state of Rio de Janeiro.
GE and Petrobras plan to sign a research agreement at the company’s headquarters in Rio de Janeiro imminently.